fbpx

Does the IRS count support payments as taxable income?

With regard to taxes, the rules  for child support and spousal support differ. The IRS does not count child support as taxable income, nor is child support tax deductible for the payer.

On the other hand, for tax purposes, the amount of spousal support may be deducted from the payer’s income, and the recipient of spousal support must claim as income the amount received. Matters can become more complicated when a divorce agreement specifies alimony and child support payments.

Usually, the parent who has custody of the child most of the time is the parent who receives child support. In cases in which that parent also receives alimony, the law requires that the child support be prioritized.

In other words, a payer who owes child support and spousal support cannot claim a spousal support deduction if the child support obligation was not fully met. Likewise, a recipient of child support and alimony is not required to report the amount received if it does not add up to the amount of child support ordered.

Essentially, alimony is the remainder of any support paid after the child support obligation is met. That is, unless the payer makes voluntary payments in addition to the agreed-upon amount of alimony. The IRS does not count voluntary payments as spousal support. The payer may claim a deduction only for the amount of spousal support that was agreed upon or ordered.

Divorce, child custody, property division and taxes can be difficult to address for spouses whose marriage is ending. If you have questions about any of these matters, then don’t hesitate to speak with a family lawyer with experience in both accounting and property division.

Disclaimer

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Privacy Policy

This privacy policy discloses the privacy practices for www.bononiandbononi.com. This privacy policy applies solely to information collected by this web site. It will notify you of the following:

  1. What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared.
  2. What choices are available to you regarding the use of your data.
  3. The security procedures in place to protect the misuse of your information.
  4. How you can correct any inaccuracies in the information.

Information Collection, Use, and Sharing 
We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or other direct contact from you. We will not sell or rent this information to anyone.

We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary.

Unless you ask us not to, we may contact you via email in the future to tell you about specials, new products or services, or changes to this privacy policy.

Your Access to and Control Over Information 
You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number given on our website:

  • See what data we have about you, if any.
  • Change/correct any data we have about you.
  • Have us delete any data we have about you.
  • Express any concern you have about our use of your data.

Security 
We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline.

We also protect your information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which we store personally identifiable information are kept in a secure environment.

Updates

Our Privacy Policy may change from time to time and all updates will be posted on this page.

If you feel that we are not abiding by this privacy policy, you should contact us immediately via telephone at 412-832-2499